US downgraded by S&P in Aug 2011; Impact on Indian IT and BPO sector

August 8, 2011: Standard & Poor’s, a credit rating agency in the United States downgraded the rating of the country from best-quality no risk borrowers to a nation with long term credit risk. According to the rating the country is downgraded from AAA to AA+.    Now the question arises, will there be any impact of […]